The IF is a scientific measure of the relations of the number of citations to the number of publications of a journal. It is used to rank journals. It is the most accepted measurement of journals' quality these days, but its real scientific value is debatable.
@Dr. Avishag Gordon and @Dr. Anthony G Godron, Thank you very much for your kind responses.
--- It is the most accepted measurement of journals' quality these days, but its real scientific value is debatable (Dr. Avishag Gordon).
--- It is probably a good measure of the quality of a journal, but not of any specific article in it (Dr. Anthony G Godron).
My question was basically aimed at this. Does an Impact factor of a journal depict the quality of science published in it? Or IF is just a commercial factor (IF is due to the good commercialization of the journal such as including that journal in more number of databases or associating/linking that journal with good publishing platforms such as Elsevier, Springer, Willey, and Taylor & Francis etc.)
"Does an Impact factor of a journal depict the quality of science published in it?"
Yes, in general, but not in particular.
If job applicants have a single publication in a top journal, this tells us little about the quality of the applicant. If, on the other hand, they have had 5 papers in top journals, then they are first class, and their work is of a consistent high standard.
The papers that are published in a high impact journals are going through a process of referees' evaluation. The evaluation in a high impact journal are usually more demanding than in peripheral journal. So, we can assume that the impact factor of a journal reflects some quality level beyond its commercial influence.