Price control refers to a policy of ensuring stable prices in the market. It is a mechanism that is implemented by the government to prevent the prices of goods and services from rising too high or falling too low. This is done by setting a maximum price that sellers can charge for a particular product or service, or by setting a minimum price that buyers must pay. The aim of price control is to protect consumers from price gouging and ensure that goods and services are affordable for everyone. However, price control can also have negative consequences, such as reducing the supply of goods and creating shortages. Therefore, it is a controversial policy that requires careful consideration and implementation.