The North American Industry Classification System (NAICS) A. provides common industry definitions for North America, Central America, and South America to measure economic activity in the Western Hemisphere. B. provides common industry definitions between Canada and the United States to measure economic activity and reduce barriers of trade for cross-border firms. C. provides a classification system for products that is consistent worldwide.

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Social Studies

Arjun Woodard

26 July, 05:48

The North American Industry Classification System (NAICS) A. provides common industry definitions for North America, Central America, and South America to measure economic activity in the Western Hemisphere. B. provides common industry definitions between Canada and the United States to measure economic activity and reduce barriers of trade for cross-border firms. C. provides a classification system for products that is consistent worldwide.

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Brenton Oneal · Answer 1

B. provides common industry definitions between Canada and the United States to measure economic activity and reduce barriers of trade for cross-border firms. Not is used by these two countries also Mexico is using it.

The idea behind of NAICS is make easier to trade between these 3 countries.