Knowledge is something you know, the facts and figures you have gathered by the observations and researches. Whereas wisdom is the ability to apply the knowledge on a particular situation. For instance, wisdom is the act of observation you spend money and go bankrupt next time you will try to save money and avoid the situation of being bankrupt, this is wisdom.
One you gather knowledge by learning different things when you apply that knowledge that is known as wisdom. Every situation requires different reaction so there the use of wisdom comes in.
Knowledge consists of the things which are apparent whereas wisdom is beyond that it includes the knowledge as well as the feeling to do something right or wrong.
