This depends on the type of tree and how it is valued economically. Resource economics determines when a tree is mature (and therefore ready to be harvested) based on many factors, such as soil quality, ammenity values (values associated with having the tree live as opposed to harvesting it for timber), scarcity (if the tree is endagered) along with other factors on a case by case basis.
As far as a tree’s age, this can be determined by looking at the rings on the trunk. Unfortunately you would have to cut the tree down in order to do this, so it is not a very effective method.
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