Final answer:
Management is the productivity variable with the greatest potential to increase productivity, as it orchestrates the efficient use of all resources, including labor and capital, and fosters innovation and growth.
Step-by-step explanation:
Out of the given options A) labor, B) globalization, C) management, D) capital, and E) none of the above, the productivity variable with the greatest potential to increase productivity is C) management. Effective management can leverage other factors such as labor, capital, and globalization to enhance productivity. A skilled managerial team can ensure efficient resource allocation, promote innovation and improvements in processes, and invest in human capital to cultivate a more educated and skilled workforce. This, in turn, breeds innovation and leads to the exponential growth of productivity.
For instance, skilled workers who have been properly trained and managed contribute significantly to the economy by increasing output and efficiency. Moreover, aspects such as economies of scale can be optimized through proficient management, further uplifting productivity.