Studio mixing is the process of combining and processing recorded audio tracks within a controlled studio environment to create a final mix. It allows for detailed adjustments and experimentation, with the ability to revise and tweak until the desired sound is achieved. Live mixing, on the other hand, occurs in real-time during live performances. It requires making immediate decisions and adjustments based on the acoustics of the venue, the dynamics of the performance, and audience feedback. The key difference lies in the predictability and control available in studio mixing versus the dynamic, on-the-fly nature of live mixing.