This is the 675th most frequent Spanish word.
supuesto
Presumed, assumed, or supposed.
Here, 'por supuesto' translates to 'of course', signifying an agreement or consent.
Por supuesto, puedes venir a la fiesta si quieres.
Of course, you can come to the party if you want.
In this context, 'supuesto' means 'assumption', referring to a hypothetical or presumed condition.
Es un supuesto que debemos considerar durante la planificación.
It is an assumption that we must consider during the planning.
The root word 'supuesto' is connected to 'supusieron' here, used as the past tense of 'suponer' meaning 'to assume'.