In my locality, there is no neutral wire. Our transmission company runs only 3 wires (all lines/phases) and no neutral (4th wire) at all. Out of three, one runs to our houses. I know it sounds incorrect, but this is the case, they are saving the expense on the neutral wire.
Here we use earth wire (physically connected to the earth) in place of neutral. Each house has its own earthing/grounding. So our earth is our neutral. No difference at all. Everything works just fine, no problem at all.
I know that two wires with different potentials are required to create a potential difference. I also understand that we can run loads between two phases. But in this case, there is only one. Here we are running loads between a phase and a wire physically connected to the earth.
I know that current flows in a closed loop (it goes back to the source). But in this case, there is only one wire coming from the substation and another is physically grounded, how does the circuit even complete? Where is the closed loop?