Retail Trade

{
  "id": "MLC-T-ECS-001687",
  "term": "Retail Trade",
  "field": "Economic statistics",
  "definition": "The Retail Trade sector comprises establishments engaged in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. The retailing process is the final step in the distribution of merchandise; retailers are, therefore, organized to sell merchandise in small quantities to the general public.\n\nRetail Trade establishments are classified in the North American Industry Classification System as Sectors 44-45.",
  "see_also": [
    "North American Industry Classification System"
  ],
  "references": [
    "U.S. Census Bureau Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/retail-trade/"
}