What term is used to describe the loss of ownership rights of government in its asset?

Disinvestment

The correct answer is option 1: Disinvestment

Disinvestment refers to the process by which the government sells or liquidates its ownership in a public sector enterprise, resulting in a loss of ownership rights.

Nationalization is the process by which the government takes ownership and control of private assets, industries, or companies, converting them into public assets. This is the opposite of disinvestment.

Liberalization refers to the process of relaxing government restrictions, usually in areas of social, political, and economic policies. In the context of the economy, it often means reducing trade barriers, deregulating industries, and opening up sectors to private and foreign investment.