Capitalism is an economic system based on the private ownership of the means of production and their operation for profit.[1][2][3][4] Central characteristics of capitalism include capital accumulation, competitive markets, price systems, private property, property rights recognition, voluntary exchange, and wage labor.
A definition cannot he said to match or to not match real world conditions.
Like if I define a square as a quadrilateral with equal sides, that’s independent (orthogonal, even, pun intended) of whether any quadrilaterals with equal sides are around.
I don’t think it makes any sense to talk about whether a definition reflects reality. That’s not really what a definition is. They can’t be true or untrue.
Statements are true or untrue, but for a definition the concept of truth or falsity doesn’t make sense.
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From wikipedia:
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A definition cannot he said to match or to not match real world conditions.
Like if I define a square as a quadrilateral with equal sides, that’s independent (orthogonal, even, pun intended) of whether any quadrilaterals with equal sides are around.
I don’t think it makes any sense to talk about whether a definition reflects reality. That’s not really what a definition is. They can’t be true or untrue.
Statements are true or untrue, but for a definition the concept of truth or falsity doesn’t make sense.