The correct option is B liberalization
Liberalization is a relaxation of
government restrictions, usually in such areas of social, political and
economic policy.
This may be similar to deregulation Liberalization of autocratic regimes may precede democratization (or not, as in the case of the Prague Spring). Economic liberalization is often associated with privatization,
which is the process of transferring ownership or outsourcing of a
business, enterprise, agency, public service or public property from the
public sector to the private sector.