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What Is The Specific Market Failure Justification For Government Spending In Public Universities

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What is the specific market failure justification for government spending on

(a) public universities

The justification for government spending on public universities is to promote the competition for higher skilled jobs. In a free market, most people wouldn't be able to afford the training and education required for higher skilled jobs, and more companies would seek to outsource the low skill jobs. This causes a surge in unemployment and a growing wage gap, so the government must step in and provide incentives and benefits to the general population.

(b) healthcare

The government spends more money on healthcare for moral and practical reasons. The moral reason is to save lives, but the practical reason is to promote population growth which

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