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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.
Terms You Need to Know (or What is Common Knowledge?) Common knowledge: facts that can be found in numerous places and are likely to be known by a lot of people. Example: John F. Kennedy was elected President of the United States in 1960. This is generally known information.