Each digit in a number has a place value. The digit 1 is in the thousands place.<br><br>
&bull; Thousands place value = \(1\,000\)<br>
&bull; 1 × \(1\,000\) = 1&thinsp;000<br><br>
The digit 1 stands for 1 × 1&thinsp;000.<br>
Final Answer: 1000