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1000 million Mark Notgeld banknote (1923) of Frankfurt am Main. According to the Oxford English Dictionary, the word billion was formed in the 16th century (from million and the prefix bi-, "two"), meaning the second power of a million (1,000,000 2 = 10 12). This long scale definition was similarly applied to trillion, quadrillion and so on ...
One billion years may be called an eon in astronomy or geology. Previously in British English (but not in American English), the word "billion" referred exclusively to a million millions (1,000,000,000,000). However, this is not common anymore, and the word has been used to mean one thousand million (1,000,000,000) for several decades. [5]
Traditional British usage assigned new names for each power of one million (the long scale): 1,000,000 = 1 million; 1,000,000 2 = 1 billion; 1,000,000 3 = 1 trillion; and so on. It was adapted from French usage, and is similar to the system that was documented or invented by Chuquet.
The word 'billion' is now used internationally to mean 1,000 million and it would be confusing if British Ministers were to use it in any other sense. I accept that it could still be interpreted in this country as 1 million million and I shall ask my colleagues to ensure that, if they do use it, there should be no ambiguity as to its meaning.
(1 000 000 000; 1000 3; short scale: one billion; long scale: one thousand million, or one milliard) ISO: giga-(G) Transportation – Cars: As of 2018, there are approximately 1.4 billion cars in the world, corresponding to around 18% of the human population. [23]
“I think that we will break 1,000 homes sold for over a million dollars for the first time ever in 2024,” Hughes said by email. “With interest rates coming down and supply being limited ...
the long scale — designates a system of numeric names formerly used in British English, but now obsolete, in which a billion is used for a million million (and similarly, with trillion, quadrillion etc., the prefix denoting the power of a million); and a thousand million is sometimes called a milliard. This system is still used in several ...
Giga-(/ ˈ ɡ ɪ ɡ ə / or / ˈ dʒ ɪ ɡ ə /) is a unit prefix in the metric system denoting a factor of a short-scale billion or long-scale milliard (10 9 or 1,000,000,000). It has the symbol G. Giga-is derived from the Greek word γίγας (gígas), meaning "giant".