In a lot of scenarios there isn’t much of a difference. Its a safety feature.
If everything works well the live and neutral should be all you need.
If something goes wrong the earth acts as a second neutral to take all the current away from the fault (i.e. you) and safely back to complete the circuit. Its a safety feature.
In reality the earth usually has protection on it to detect current and trip the circuit too. And some devices even use a functional earth that does useful stuff. In super fancy designs it gets even more complex. But for eli5 just thinking of it as a safety wire is good enough.
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