Pixel Bit Depth
Consider each pixel having 8 bits per color. In binary, there are 256 numbers available in an 8 bit word. The binary number 00000000 is zero; the binary number 11111111 is 255. Give an 8-bit word to each of red, green and blue and you get 24 bits per pixel ("24-bit color"). The total number of colors that can be created with 3 8-bit words is 256 X 256 X 256 = 16,777,216 (16.7 million colors).
Some cameras will record higher pixel bit depth, so that after color correcting or shadow enhancement or whatever other functions are being performed by the computer operator and its software, there is plenty of extra data from which a finished, 24-bit color can be defined for each pixel.
Some computer software uses CieLAB space rather than RGB, which allows for controlled transformation to other color spaces. CieLAB space defines hue in two dimensions and luminosity as a third.
You are looking at the image on a computer screen. An old style compter monitor (CRT), the monitor is analogue (not limited to the 256 shades of an 8-bit word). The monitor projects light. It projects light in increasing or decreasing strength from little phosphors on the screen. This implies selective projection, not selective absorbsion that occurs with reflected light.
Monitors tend to be too bright and too blue. There are ways to calibrate a monitor to more accurately represent a printed piece. Your computer workstation can be calibrated in order to provide a good soft proof (the image on the computer screen is referred to as a "soft proof"). Please, note the difference between a monitor that is calibrated to reproduce its reds, greens and blues according to its factory specification versus a monitor calibrated to look like print. The two are unrelated, although maintaining the former allows you to maintain the latter.
Without monitors calibrated to represented print, the only way to predict printed color at this point is by the numbers. A skilled image manipulator can read the CMYK values to which an area of the image will be translated, and know what that color will look like on press. Such an operator will know that there will be an overall cast of yellow or blue, or realize that the image is too dark or too bright. No matter how good the "soft proof" is, it helps to have a color expert who also knows what the numbers mean.
The digital image is translated to CMYK, the Subtractive Primaries. This step should always be done by the best piece of gear and/or software in the production cycle. Photoshop® will translate from RGB to CMYK. Photoshop costs under a thousand dollars and does a lot more than just translate from RGB to CMYK. High-end scanner software costs many thousands of dollars. A good deal of what you pay for is the color transformation algorythms and tables.
Now you have a computer file in CMYK, which has been projected by a computer screen calibrated to represent print by playing with how it selectively projects its red, green and blue light sources into your eye. The image you see looks good, how you remember the scene when the photo was taken. It does not match the original flowers in the original vase on the original white cloth. It cannot.