A business (also known as enterprise or firm) is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to
earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning.
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Historically black colleges and universities (HBCUs) are institutions of higher education in the United States that were established before 1964 with the intention of serving the black community.
There are 105 historically black colleges and universities (HBCUs) in the United States today, including public and private, two-year and four-year institutions, medical schools and community colleges. All are or were in the former slave states and territories of the U.S. except for Central State University (Ohio), Cheyney University of Pennsylvania, Lewis College of Business (Detroit, Michigan), Lincoln University (Pennsylvania), Wilberforce University (Ohio), and now-defunct Western University (Kansas).
Some closed during the 20th century due to competition, the Great Depression and financial difficulties after operating for decades.
Of the 105 HBCU institutions in America today, 27 offer doctoral programs and 52 provide graduate degree programs at the Master's level. At the undergraduate level, 83 of the HBCUs offer a Bachelor's degree program and 38 of these schools offer associate degrees.
The portion of Bachelor degrees awarded to black students by HBCUs has steadily dropped from 35% in 1976 to 21.5% in 2001. From 1976 to 2001, total HBCU enrollment grew from 180,059 to 222,453, with most of this increase being attributable to the growth of female black enrollment from 88,379 to 117,766.