Definition of Manufacturing division

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TeachMeFinance.com - explain Manufacturing division



Manufacturing division -- One of 10 fields of economic activity defined by the Standard Industrial Classification Manual. The manufacturing division includes all establishments engaged in the mechanical or chemical transformation of materials or substances into new products. The other divisions of the U.S. economy are agriculture, forestry, fishing, hunting, and trapping; mining; construction; transportation, communications, electric, gas, and sanitary services; wholesale trade; retail trade; finance, insurance, and real estate; personal, business, professional, repair, recreation, and other services; and public administration. The establishments in the manufacturing division constitute the universe for the MECS (an EIA survey).




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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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