Not to contradict what others have said, but I'd like to add details:
Around here, a main panel, service entrance panel or similar names is the first panel after the meter, and it's required by the building codes (it may or may not disagree with current NEC) to have a main breaker that shuts off power to the entire building. It may contain as many breakers as the building needs. That's the place where the neutral and ground are bonded.
A different panel which is fed from the first one is a sub-panel. Say you install a new laundry room with a collection or a new workshop, if the main panel is not *right there* in the same room, it can quickly get annoying and expensive to get lots of new circuits to the new area -- the solution is to install a cable to support all the connected load you expect to use (say, 100A, or 150A) in the new area, linking the main panel to the sub-panel, which will have a "main breaker" designed to protect the cable between both panels, then a lot of smaller breakers for whatever you are using.
In principle, using a neutral wire as a ground wire is not bad. It was more widespread when copper wire was a more expensive than now. In practice, using an insulated neutral wire and a bare ground wire has proved safer, particularly for large appliances that have metal cabinets, like ranges, dryers etc. One of the problems with only one neutral wire is that if that is the only wire that gets interrupted during an electrical accident, the metal frame may still be energized. Having two wires lessens the chances and increases the short-circuit capacity for the entire circuit, thus shortening the time the circuit breakers will cut off power to the entire circuit completely.
As for ranges that use 50A there should be plenty. People describe older electric ovens as much faster to heat up to temp despite having less insulation, although the stovetop burners used to be less powerful back then. But the current ovens claim to have 4,000W broilers and 3,500W baking elements (plus whatever they use for the convection), and the stovetop burners tend to be faster (more powerful) than the older ranges. The baking and broiling elements are not on at the same time (and when they are, the broiling element is not using full power), but many people will in fact be using the oven and the 4 elements at the same time, particularly when it's a holiday.
Both my previous GE (electric coil burners) and the current induction ranges claim in their plate to use 50A and have a connected load of 12kW, for what's worth.