1. LASER stands for 'Light Amplification by Stimulated Emission of Radiation'. It produces a very intense, concentrated, highly parallel and monochromatic beam of light.
2. Coherence is an important property of laser light. Ordinary light sources produce incoherent light with a wide range of frequencies, while laser produces coherent light that is uniform in frequency, amplitude, continuity and constant initial phase difference.
3. Population inversion is achieved by pumping atoms to a higher energy metastable state such that more atoms are in the excited state than the lower energy state. This allows for stimulated emission to overtake absorption, leading to amplification of light in the laser medium.