Product classification or product taxonomy is a type of economic taxonomy which organizes products for a variety of purposes. However, not only products can be referred to in a standardized way but also sales practices in form of the “Incoterms” and industries can be classified into categories.

Some standard product classifications include:

See also

Notes

  • at the Eurostat website
  • United Nations Statistical Commission, "International Family of Economic and Social Classifications", p. 5