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Any concept, even in the form of factual information or factual knowledge, is already. a generalized interpretation of reality and thus an abstract act of thinking. At some point. however, this level of abstraction becomes automatic (that is, it becomes âfactual. knowledgeâ) in the mind of an individual.
A frequently used definition of knowledge is the ideas or understandings which an entity possesses that are used to take effective action to achieve the entity's goal(s). This knowledge is specific to the entity which created it.. An understanding of knowledge requires some grasp of its relationship to information.