A computer is a programmable electronic device that accepts raw data as input and processes it according to programmed instructions to produce output. It consists of hardware components like the CPU, memory, and storage that perform logical and arithmetic operations on data, as well as software programs and operating systems. The basic components of a computer are the input unit, memory unit, central processing unit, and output unit, which work together in a continuous loop of input, processing, and output via the IPO cycle.