are price controls good or bad 
price controls can be both good and bad they help make certain goods and services such as food and housing more affordable and within reach of consumers they can also help corporations by eliminating monopolies and opening up the market to more competition but it can also have a negative effect as it may lead to shortages or an overabundance of supplies underground markets and a decrease in the quality of goods and services available on the market 28the bottom lineunlike the free market where prices are dictated by supply and demand price controls set minimum and maximum prices for goods and services governments and supporters of price controls say that these policies are necessary in order to make things more amenable for both consumers and suppliers by enacting price control policies consumers can afford essential goods and services and producers can remain profitable but critics say it often has the opposite effect leading to an imbalance in the market between supply and demand and illegal markets 2