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Interest in perovskite solar cell (PSC) research is increasing because PSC has a remarkable power conversion efficiency (PCE), which has notably risen to 28.3 %. However, commercialization of PSCs faces a significant obstacle due to their stability issues. This review article primarily focuses on several key aspects of PSCs, including different types of solar cells, their construction and operational mechanisms, efficiency, and overall stability. It explains the structure and functioning of PSCs, covering materials and components used for absorber layer, electron-transport layer, hole-transport layer, and electrodes. This review emphasized stability challenges associated with PSCs and discussed various factors and issues contributing to the degradation of these solar cells over time. It then provided a concise overview of different strategies and ongoing efforts taken to enhance the stability of PSCs. It also summarized various approaches used to improve their durability. In summary, this article offers a comprehensive exploration of PSCs, encompassing their construction, operation, improvement in efficiency, and obstacles related to their long-term stability. Furthermore, it addresses factors influencing PSC stability and outlines future challenges, focusing on prolonging their lifespan and enhancing stability for broader applications. Finally, this article has tackled various possible solutions to address the challenges encountered by the PSCs. [ABSTRACT FROM AUTHOR]