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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.
Knowledge refers to the collection of information and facts about something or someone by learning and experience. The ability of a person to judge, apply education & experience in practical life and make right choices is called wisdom. Knowledge is nothing but organised information.