Yes, 1 million is more than 1 thousand.
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1,000,000,000,000,000,000,000,000,000 1 octillion 1,00,00,00,00,00,00,00,00,00,00,00,00,000 1 thousand septillion 1 million sextillion 1 billion quintillion 1 trillion quadrillion 1 million trillion trillion 1 billion billion billion 1 thousand million million million million 1 thousand thousand thousand thousand thousand thousand thousand thousand thousand
A thousand million is 1 billion.
A million is universally 1 x 10^6, and a thousand is 1 x 10^3,so a thousand million million is 1 x 10^15 or 1,000,000,000,000,000.In the "short scale" used by the US, this is a thousand trillion or a "quadrillion."In the "long scale," where a billion is a million million, this is simply one thousand billion.
A lac is 100 thousand, a million is 1000 thousand so 10 lacs in 1 million.
Yes, one million is worth more than one thousand. One million = 1,000,000. One thousand = 1,000.