Let's take a closer look at an example. A price ceiling is the maximum price that can be charged. If the price is set below the equilibrium price, the price ceiling is said to be effective (or binding).
Criminal vagrancy laws were originally aimed at those wanderers and. beggars physically capable of working.24 However, in 1744 vagrancy. crimes were divided into three classes: idle and disorderly persons, rogues and vagabonds, and incorrigible rogues.
The pains or penalties were penal servitude for life or not less than three years, or imprisonment with or without hard labour for up to two years. The Act remained in force for a surprisingly long time, only finally being repealed in 1973, though it had been effectively defunct for decades.