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What is SIC?

Definition of SIC

Standard Industrial Classification (SIC) is a system of four digits codes used in business to classify the industry in which a company operates. The SIC system was created in 1937 by the U.S. government to allow communication within and between businesses and industries. In 1997, the use of SIC codes was replaced in most capacities by a six-digit code called the North American Industry Classification System (NAICS).
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