What is the threshold we are talking about in the video
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Threshold
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- The word threshold can mean the level at which something is affected by a particular rule or belongs in a particular class.
- Or the level of money earned or income above which individuals or businesses have to pay tax, or must pay a different rate of tax.
- An economic threshold is the insects population level or extent of crop damage at which the value of the crop destroyed exceeds the cost of controlling the pest.
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