Photosynthesis is the process in plants, from which energy from sunlight is used to convert simple molecules into complex molecules.
The light-dependent reaction occurs in the thylakoids of the grana in chloroplasts
The light-independent reaction occurs in the stroma of chloroplasts
The rate of photosynthesisis limited by temperature and the availability of carbon dioxide, water & light energy.
The law of limiting factors states that at any given moment, the rate of a physiological process is limited by the factor that is at its least favourable value.