How to Backup-Restore a Site Collection in SharePoint using PowerShell?

Requirement: Backup and restore a site collection in SharePoint 2016 using PowerShell. How to backup a site collection in SharePoint 2016 using PowerShell? Although you can backup site collections from SharePoint Central Administration, as in  How to Backup SharePoint Site Collection using Central Admin, the Central admin way is kind of clunky…

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