Photosynthesis is the essential process by which green plants, algae, and some bacteria convert light energy into chemical energy stored in glucose, providing oxygen and forming the basis of the food chain. The overall equation for photosynthesis is 6CO2 + 6H2O + light energy → C6H12O6 + 6O2. It occurs in two main stages: light-dependent reactions and light-independent reactions, and plays a crucial role in supporting life by producing oxygen, providing energy for food chains, and reducing atmospheric carbon dioxide.