Mitosis:

1. It occurs in meristematic cells.

2. Cell divides only once and produces two daughter cells having same chromosome number as in parent cell.

3. It helps in growth, development and replacement of damage tissues.

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4. Prophase is short duration and is not divided into sub-stages.

5. No genetic exchange occurs during prophase.

Meiosis:

1. It occurs in reproductive cells.

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2. Cell divides twice and produces four daughter cells, each containing half of the chromosome of parent cell.

3. It helps in sexual reproduction and multiplications of organisms.

4. Prophase- I is following long duration and is further divided into sub-stages.

5. Genetic exchange occurs between homologous chromosomes in prophase-I by crossing over.