Central Product Classification
Encyclopedia
The Central Product Classification (CPC) is a product classification
for goods and services promulgated by the United Nations Statistical Commission
.
It is intended to be an international standard
for organizing and analyzing data on industrial production
, national accounts
, trade
, price
s and so on.
Product classification
Product classification or product taxonomy organizes products for a variety of purposes.Some standard product classifications include:* CPC -- Central Product Classification* HS -- Harmonized Commodity Description and Coding System...
for goods and services promulgated by the United Nations Statistical Commission
United Nations Statistical Commission
The United Nations Statistical Commission oversees the work of the United Nations Statistics Division or UNSD, and is a Functional Commission of the UN Economic and Social Council...
.
It is intended to be an international standard
International standard
International standards are standards developed by international standards organizations. International standards are available for consideration and use, worldwide...
for organizing and analyzing data on industrial production
Industrial production
Industrial production is a measure of output of the industrial sector of the economy. The industrial sector includes manufacturing, mining, and utilities. Although these sectors contribute only a small portion of GDP , they are highly sensitive to interest rates and consumer demand...
, national accounts
National accounts
National accounts or national account systems are the implementation of complete and consistent accounting techniques for measuring the economic activity of a nation. These include detailed underlying measures that rely on double-entry accounting...
, trade
Trade
Trade is the transfer of ownership of goods and services from one person or entity to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and...
, price
Price
-Definition:In ordinary usage, price is the quantity of payment or compensation given by one party to another in return for goods or services.In modern economies, prices are generally expressed in units of some form of currency...
s and so on.