It refers to the amount of data used per second of audio. The higher the bitrate, the more data is used to represent the sound, which generally results in better quality, but also larger file sizes.
Bitrate typically ranges from 64 kbps to 320 kbps. Here's what each range generally means:
The right bitrate depends on your needs. For casual listening or online streaming, a lower bitrate may be sufficient. For critical listening or music collections, a higher bitrate ensures the best sound quality. If you're working with storage limitations or bandwidth concerns, you may opt for a lower bitrate to reduce file size.