The main characteristics of Liverworts are:
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The liverworts are small plants.
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The plant body is thalloid which bears underground structures known as the rhizoids.
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They do not possess true roots, stems and leaves.
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The thallus is dorsiventral and is appressed to the substrate.
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The liverworts reproduce asexually by gemmae formation.
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Gemmae are the reproductive structure produced inside the gemmae cup.
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The life cycle of liverworts also shows alternation of generation. The sporophytic generation produces the spores which give rise to the gametophyte forming the male and female gametophyte.
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The male and female gametes fuse to produce the zygote which grows into sporophyte and produces the spore there by completing the life cycle.