Actually that's EXACTLY what it refers to. And concidentally, thats exactly how the English language works, taking root words, and deriving words from them using suffixes and prefixes. (seriously? how stupid are you?)
Capitalism is an economic system in which trade, industry and the means of production are controlled by private owners
an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.
Chris Jenks. Core Sociological Dichotomies. "Capitalism, as a mode of production, is an economic system of manufacture and exchange which is geared toward the production and sale of commodities within a market for profit, where the manufacture of commodities consists of the use of the formally free labour of workers in exchange for a wage to create commodities in which the manufacturer extracts surplus value from the labour of the workers in terms of the difference between the wages paid to the worker and the value of the commodity produced by him/her to generate that profit." London, England, UK; Thousand Oaks, California, USA; New Delhi, India: SAGE. p. 383.
Means of Production:
In economics and sociology, the means of production refers to physical, non-human inputs used in production; that is, the "means of production" includes capital assets used to produce wealth, such as machinery, tools and factories, including both infrastructural capital and natural capital. This includes the "factors of production" described in classical economics minus financial capital and minus human capital. They include two broad categories of objects: instruments of labour (tools, factories, infrastructure, etc.) and subjects of labor (natural resources and raw materials).
Socialism is an economic system characterised by social ownership of the means of production and co-operative management of the economy. "Social ownership" may refer to cooperative enterprises, common ownership, state ownership, citizen ownership of equity, or any combination of these. There are many varieties of socialism and there is no single definition encapsulating all of them. They differ in the type of social ownership they advocate, the degree to which they rely on markets or planning, how management is to be organised within productive institutions, and the role of the state in constructing socialism
Communism (from Latin communis – common, universal) is a socialist movement to create a classless, moneyless, and stateless social order structured upon common ownership of the means of production, as well as a social, political and economic ideology that aims at the establishment of this social order.