Final answer:
The element of magic realism is best identified as the enchantment of everyday life. One Hundred Years of Solitude by Gabriel García Márquez exemplifies this through the integration of fantastical elements in a realistic narrative,reflecting the political history and the author's experiences.
Step-by-step explanation:
The element of magic realism that is being identified in the question is the enchantment of everyday life. Magic realism is a literary genre that includes fantastical elements described within a realistic setting. One Hundred Years of Solitude by Gabriel García Márquez is a prime example of this genre.
Key influences in García Márquez's life included the political history of Latin America and his experiences as a journalist, both of which are reflected in the narrative of One Hundred Years of Solitude. The plot's non-linear, cyclical narrative structure reflects the repetition and circularity of history. García Márquez was part of the Latin American “boom” literary movement, where he and other writers like Isabel Allende incorporated aspects of magical realism into their work, blending the real with the fantastic, often as a form of political allegory.