A kilometer is one thousand TIMES a meter (1 meter X 103) and a megameter is one million TIMES a meter (1 meter X 106), while a millimeter is one thousANDTH of a meter (1 meter X 10-3) and a micrometer is one millionTH of a meter (1 meter X 10-6).
The prefix (e.g. kilo) attached to the unit (e.g. meter) defines the multiplier, as in kilo means "1000 times" and mega means "million times," while millimeans "1/1000 of" and micro means " one millionth of." So, for example, kilometer can broken down into kilo and meter, suggesting 1000 times a meter, which is equal to 1000 meters.
The prefix either breaks a unit (in this case meters) into parts of the unit or multiplies of the unit, depending on the SIGN (+ or -) of the exponent attached to the prefix (negative exponents refer to fractions of the unit [smaller] while positive exponents refer to multiples of the unit [bigger]). All common prefixes are listed here (courtesy of http://www.unc.edu/~rowlett/units/prefixes.html):
yotta- (Y-)
1024
1 septillion
zetta- (Z-)
1021
1 sextillion
exa- (E-)
1018
1 quintillion
peta- (P-)
1015
1 quadrillion
tera- (T-)
1012
1 trillion
giga- (G-)
109
1 billion
mega- (M-)
106
1 million
kilo- (k-)
103
1 thousand
hecto- (h-)
102
1 hundred
deka- (da-)**
10
1 ten
deci- (d-)
10-1
1 tenth
centi- (c-)
10-2
1 hundredth
milli- (m-)
10-3
1 thousandth
micro- (µ-)
10-6
1 millionth
nano- (n-)
10-9
1 billionth
pico- (p-)
10-12
1 trillionth
femto- (f-)
10-15
1 quadrillionth
atto- (a-)
10-18
1 quintillionth
zepto- (z-)
10-21
1 sextillionth
yocto- (y-)
10-24
1 septillionth
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