Photosynthesis is a metabolic pathway that uses light, water, carbon dioxide, and chlorophyll to produce carbohydrates and oxygen through light-dependent and light-independent reactions. The light-dependent reactions use solar energy to produce ATP and NADPH in the chloroplasts. The light-independent reactions then use these products in the Calvin Cycle to incorporate carbon dioxide into organic compounds to form carbohydrates. The rate of photosynthesis is affected by factors like light intensity, carbon dioxide concentration, and temperature.