Photosynthesis is the process of conversion of light energy (sunlight) into chemical energy (food) by using carbon dioxide, water and chlorophyll as raw materials.
Oxygen is evolved as a by-product of the process.
6 CO2 + 12 H2O → Glucose (C6H12O6) + 6 H2O + 6 O2
Factors affecting the rate of photosynthesis:
Carbon dioxide: Increase in CO2 concentration in air leads to an increase in rate of photosynthesis.
Water: Less water in the soil reduces the rate of photosynthesis.
Sunlight: If the intensity of the sunlight increases, rate of photosynthesis also increases.
Chlorophyll: Presence of green colored chlorophyll pigment in the chloroplast.
Final answer: Factors which affect the rate of photosynthesis are carbon dioxide, water, sunlight and chlorophyll.