0
Musicgold Posted 17 years ago
Grammar

Use of THE to represent a group

Hi,
The following paragraph is from a book. I am confused about how the author uses ‘the' to represent a group. The author has used ‘the' before these banks in once instance and omitted in two instances. What is the logic here?

Corporations' dependence on bank loans had decreased with time, as they increasingly tapped the debt market. Commercial banks therefore entered the fixed income business and the investment banks' market share in this business slipped. As a result investment banks focused on higher value -added products like structured debt, derivatives and proprietary trading.

Thanks,
MG.
  

Top answer

Aha! " In the other cases, "banks" are the subjects of the verbs. "banks entered" "banks focused" In the case in question, "market share" is subject of the verb.

  • Aha!
  • " In the other cases, "banks" are the subjects of the verbs.
  • "banks entered" "banks focused" In the case in question, "market share" is subject of the verb.
  • "
Free · every Monday

Get the Weekly English Kit 📬

New words, one handy idiom, and a 2-minute quiz — delivered to your inbox to keep your streak alive.

3 Answers
0
Aha! You missed that "the" modifies "market share," not "investment banks'."

In the other cases, "banks" are the subjects of the verbs.
"banks entered"
"banks focused"

In the case in question, "market share" is subject of the verb.
"market share slipped"

I know some will say the subject of the verb is "The investment banks' market share in this business."
0
Avangi,

Thanks.
Avangi "the" modifies "market share," not "investment banks'."
Pardon my ignorance, but I think 'market share' does not need any article as it is clearly defined by the possessive " investment banks' ".
For example, in 'the company's market share', 'the' applies to 'company' and not to 'market share'.
0
I admit it's arguable. We know the article may often be omitted, sometimes optionally. In this case, it could certainly be omitted: "When that happened, investment banks' market share slipped."
We're just looking for a difference as to why the author used "the" in the middle case only:
commercial banks entered
the investment banks' market share slipped
inves

Related Questions