its - possessive pronoun
Not it's.
Note: The word its is the possessive form of the pronoun it. Do not confuse its with it’s, a contraction of it is. For a complete discussion, review this section of Common Grammatical Mistakes.
Example: The company lost its dominant position in the market. possessive pronoun
Example: It’s raining outside. contraction
Example: It’s a shame. contraction
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