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TA Tim Abel
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Industry classification or industry taxonomy is a type of economic taxonomy that classifies companies, organizations and traders into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets..

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National and international statistical agencies use various industry-classification schemes to summarize economic conditions Securities analysts use such groupings to track common forces acting on groups of companies to compare companies performance to that of their peers.

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Classified in a variety of ways At the top level, they are often classified according to the three-sector theory into sectors primary extraction and agriculture secondary manufacturing and tertiary service authors quaternary knowledge or even quinary culture and research sectors.