Photosynthesis is the process by which plants, algae, and some bacteria use sunlight, water and carbon dioxide to produce oxygen and energy in the form of glucose. The rate of photosynthesis is affected by both external factors such as light, temperature, water, carbon dioxide and oxygen levels, as well as internal factors including chlorophyll content, the protoplasmic system, leaf anatomy, accumulation of end products, and chloroplast microstructure. External factors influence the availability of necessary inputs like light and carbon dioxide, while internal factors impact the plant's ability to utilize those inputs for photosynthesis. Careful control of both external and internal environmental conditions can optimize the photosynthetic rate in plants.