It can be said that the context in which the play was written (for example Shakespeare time) would be relevant to understand the context of the story. Background information about dates, customs role of the men and women, religion and politics might be crucial to understand the play better. These ideas might help the reader to set a context and be able to comprehend some character´s action and decision.
It is sometimes difficult to judged a play with a modern eye because society has changed a lot since then that is why reading about context would help.
Knowledge is what can be acquired from books, reading or studying, and it's information that can be taught. Wisdom be taught, because wisdom is what a person can acquire through life experiences.
