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With polymer degree $N_A$ and single-site solvent molecules, Flory–Huggins solution theory gives $f/(k_{B}T)=(\varphi /N_A)\ln \varphi +(1-\varphi )\ln (1-\varphi )+\chi \varphi (1-\varphi )$. Expanding the solvent entropy at low concentration gives the dilute-polymer free-energy expansionThe linear term sets a reference chemical potential. The quadratic term controls the leading effective two-segment excluded volume, $v_{\mathrm{eff}}=v_0(1-2\chi )$ for site volume $v_0$.

In a good solvent, $\chi <1/2$ and positive excluded volume swells a dilute chain: the Flory approximation gives $R\sim b{N}_A^{3/5}$ in three dimensions. In a poor solvent, $\chi >1/2$ favors segment contacts and a sufficiently long isolated chain forms a polymer globule, with compact scaling $R\sim b{N}_A^{1/3}$ up to density-dependent factors.

At the theta temperature, the leading two-segment interaction cancels, $\chi =1/2$ in this model, and the long-chain conformation is approximately an ideal chain, $R\sim b\sqrt{N_A}$. The positive cubic term remains. The critical point of a Flory–Huggins polymer solution at finite $N_A$ has ${\chi }_c=\frac{1}{2}(1+N_A^{-1/2}{)}^2$; its limiting value, rather than every finite-chain critical point, is the theta condition.