Motherboard

The motherboard is the body or mainframe of the computer, through which all other components interface. It is the central circuit board making up a complex electronic system. A motherboard provides the electrical connections by which the other components of the system communicate. The mother board includes many components such as: central processing unit (CPU), random access memory (RAM), firmware, and internal and external buses. 

Central Processing Unit

The Central Processing Unit (CPU; sometimes just called processor) is a machine that can execute computer programs. It is sometimes referred to as the brain of the computer.

There are four steps that nearly all CPUs use in their operation: fetch, decode, execute, and writeback. The first step, fetch, involves retrieving an instruction from program memory. In the decode step, the instruction is broken up into parts that have significance to other portions of the CPU. During the execute step various portions of the CPU, such as the arithmetic logic unit (ALU) and the floating point unit (FPU) are connected so they can perform the desired operation. The final step, writeback, simply writes back the results of the execute step to some form of memory. 

Random Access Memory

Random access memory (RAM) is fast-access memory that is cleared when the computer is power-down. RAM attaches directly to the motherboard, and is used to store programs that are currently running. RAM is a set of integrated circuits that allow the stored data to be accessed in any order (why it is called random). There are many different types of RAM. Distinctions between these different types include: writable vs. read-only, static vs. dynamic, volatile vs. non-volatile, etc.

Power Supply

The power supply as its name might suggest is the device that supplies power to all the components in the computer. Its case holds a transformer, voltage control, and (usually) a cooling fan. The power supply converts about 100-120 volts of AC power to low-voltage DC power for the internal components to use. The most common computer power supplies are built to conform with the ATX form factor. This enables different power supplies to be interchangable with different components inside the computer. ATX power supplies also are designed to turn on and off using a signal from the motherboard, and provide support for modern functions such as standby mode.