The process of selling government-owned assets to private entities:

Nationalization
Liberalization
Disinvestment
Privatization

The correct answer is: D) Privatization.

Privatization is the process of selling government-owned assets to private entities. It is often done in an effort to improve efficiency and reduce the size of the government. Privatization can be done through a variety of methods, including public offerings, private sales, and auctions.

Nationalization is the opposite of privatization. It is the process of taking private assets and turning them into government-owned assets. Nationalization is often done in an effort to protect national security or to promote economic development.

Liberalization is the process of reducing government regulation of the economy. It is often done in an effort to promote competition and economic growth.

Disinvestment is the process of selling government-owned assets, but it does not necessarily mean that the assets are being sold to private entities. Disinvestment can also be done by selling assets to other government entities or by transferring them to non-profit organizations.

In conclusion, the correct answer is: D) Privatization. Privatization is the process of selling government-owned assets to private entities. It is often done in an effort to improve efficiency and reduce the size of the government.