Separating the basic from non-basic sectors
Before discussing the criteria for separating sectors of the economy, it is important to first know how these sectors are defined and delineated in practice
Enter The Standard Industrial Classification Scheme or the SIC
Agriculture (SIC 01-09) Mining (SIC 10-14) Construction (15-17) Manufacturing (20-39) Transportation & utilities (SIC 40-49) Wholesale trade (50-51) Retail trade (52-59) Finance Insurance real estate (60-67) Services (70-89 Government (91-97)
Food and Kindred products (SIC 20) Furniture and fixtures (SIC 25) Rubber and miscellaneous products (SIC 30) Machinery, except electrical (SIC 35) Transportation equipment (SIC 37) Miscellaneous manufacturing (SIC 39)
Engines and turbines (SIC 351) Metal working machinery and equipment (SIC 354) General industrial machinery (SIC 356) Refrigeration and service industry machinery (SIC 358) Miscellaneous machinery (SIC 359)