Why is it necessary to have an industry classification, Microeconomics

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Why is it necessary to have an industry classification

Question: Why is it necessary to have an industry classification systems like NAICS? Would facing the need of learning a system as complex as NAICS discourage you for becoming part of the importing and exporting component of the North American apparel industry? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Microeconomics: Why is it necessary to have an industry classification

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