Waoo I'm so intrested in this your question I believe slot are going to learn here first I will love to answer it in ascending order just to give a full understanding of it the way I understand it..

Understanding, firstly I will like to explain what it means by understanding in it simple form is a psychological concept in relating to an obstacle that is getting use to how things is being done..

Knowledge : their are not much different from each other as Knowledge is a familiarity, awareness, or understanding of someone or something, such as facts

Lastly which is wisdom the Bible called is the principal thing to me I agree with it because it carry both the understanding and knowledge..

And why is wisdom or sagacity sound so important because is the ability to think and take a reasonable action using understanding and knowledge that is the mostly reason when you see people with wisdom you like it when their talk

In conclusion I will like to say it that Wisdom is the master of because of the position it stand and it carry all the other listed below to carryout it action