Points is a measurement for font size
Photoshop Elements is Photoshop but with less features, so Photoshop is better but it is professional level software. For home use or to get started Photoshop Elements is OK.
Photoshop 3.0
No, photoshop is not the law
what is photoshop?
Well Photoshop Elements is basically Photoshop, but that everything is already ready there. it's like easy version of Photoshop.
You can't. You need brushes photoshop 7 brushes for photoshop 7.0
By using photoshop of course
Anchor points which defines shape, fill and in Photoshop you can change Layer Style which is created from layer effects: Drop Shadow, Bevel..
No Photoshop CS5 and Photoshop Elements are separate programs.
An Adobe Photoshop tutorial about the pen tool teaches one how to use this tool to make selections. The selections start with something called a path, which is basically a straight or curved line connecting two points in the image.
Adobe PhotoShop is an image editing application. You can get it from:http://www.adobe.com/products/photoshop/photoshop/there it costs $700 USD.
Yes, Photoshop can be downloaded online. Visit photoshop's official webpage for details on how to do this. Photoshop will cost several hundred dollars.