A light bulb is a certain length and thickness of tungsten wire. It is easy to make them all exactly the same.
An LED is a diode that has a certain forward voltage and is difficult to make them all the same.
Some light bulb are huge and can take a huge current. But some are small and take a small current.
Some LEDs are ...... (as above).
Electrical and electronic parts have datasheets printed by their manufacturers so that engineers can see their spec's and use them properly.
The datasheet for an LED has its part number, its absolute maximum allowed current, its recommended current, its forward voltage range at a few currents and many more spec's.
Most ordinary LEDs are 5mm in diameter and have a recommended operating current of 20mA. 30mA or more continuously will burn them out. They can be pulsed for short durations at higher currents.
The datasheet graph of the typical forward voltage for a red LED (the forward voltage is determined by the color of an LED, look in Google) that I use is attached. It shows that at 1mA its forward voltage is 1.6V, at 10mA it is 1.7V, at 20mA it is 1.8V, at 40mA it is 1.9V and at 100mA it is 2.3V. If the current is doubled then its forward voltage is not doubled because it is a diode.
Our vision is slow so that a pulse 30ms or less in duration looks dimmed. So the width of pulses (PWM) is used to dim LEDs as seen on cars and buses. The pulses occur at a frequency high enough that the LED does not appear to blink on and off (but it is blinking on and off).