You could define a generator function for it..
>>> from itertools import product
>>> def my_gen(letters, powers):
... for power in powers:
... for cartesian in product(letters, repeat=power):
... yield cartesian
...
...
...
>>>
And use it like this:
>>> for p in my_gen("ABC", range(4)):
... print p
()
('A',)
('B',)
('C',)
('A', 'A')
('A', 'B')
('A', 'C')
('B', 'A')
('B', 'B')
('B', 'C')
('C', 'A')
('C', 'B')
('C', 'C')
('A', 'A', 'A')
('A', 'A', 'B')
('A', 'A', 'C')
('A', 'B', 'A')
('A', 'B', 'B')
('A', 'B', 'C')
('A', 'C', 'A')
('A', 'C', 'B')
('A', 'C', 'C')
('B', 'A', 'A')
('B', 'A', 'B')
('B', 'A', 'C')
('B', 'B', 'A')
('B', 'B', 'B')
('B', 'B', 'C')
('B', 'C', 'A')
('B', 'C', 'B')
('B', 'C', 'C')
('C', 'A', 'A')
('C', 'A', 'B')
('C', 'A', 'C')
('C', 'B', 'A')
('C', 'B', 'B')
('C', 'B', 'C')
('C', 'C', 'A')
('C', 'C', 'B')
('C', 'C', 'C')
You can also use generator expressions!
>>> products = list(product("ABC", repeat=i) for i in range(4))
>>> result = list(x for lst in products for x in lst)
>>> result
[(), ('A',), ('B',), ('C',), ('A', 'A'), ('A', 'B'), ('A', 'C'), ('B', 'A'), ('B
', 'B'), ('B', 'C'), ('C', 'A'), ('C', 'B'), ('C', 'C'), ('A', 'A', 'A'), ('A',
'A', 'B'), ('A', 'A', 'C'), ('A', 'B', 'A'), ('A', 'B', 'B'), ('A', 'B', 'C'), (
'A', 'C', 'A'), ('A', 'C', 'B'), ('A', 'C', 'C'), ('B', 'A', 'A'), ('B', 'A', 'B
'), ('B', 'A', 'C'), ('B', 'B', 'A'), ('B', 'B', 'B'), ('B', 'B', 'C'), ('B', 'C
', 'A'), ('B', 'C', 'B'), ('B', 'C', 'C'), ('C', 'A', 'A'), ('C', 'A', 'B'), ('C
', 'A', 'C'), ('C', 'B', 'A'), ('C', 'B', 'B'), ('C', 'B', 'C'), ('C', 'C', 'A')
, ('C', 'C', 'B'), ('C', 'C', 'C')]