Let me answer you using a more general concept.
We seek a space of functions (not only polynomials) in which a function may be described. This space of functions $V$ is defined by a basis. The number of elements $d$ within this basis coincides with the dimension of the space of functions $V$.
Let these functions in one dimension be $\phi_i$ and therefore $V_1=\textrm{span}\left\{\phi_i\right\}_{i=1}^{d}$. As an example, in the one-dimensional case, the monomials $1,x,x^2,...$ will form a basis of $V$:
$$V_x=\textrm{span}\left\{1,x,x^2,...\right\}$$
On the other hand, the functions $1,\cos{(x)},\cos{(2x)},...$ form another basis:
$$V_{\sin{x}}=\textrm{span}\left\{1,\cos{(x)},\cos{(2x)},...\right\}$$
with the particularity that its elements are orthogonal to each other within $[0,2\pi]$ and therefore it has better properties than the polynomial basis.
Now it is clear that we can form any basis once we now we have distict elements, $\textit{i.e.}$ our basis is linearly independent. For example, the basis given by $\textrm{span}\left\{1,\cos{(\pm x)}\right\}$
will have a dimension of $d=2$ despite it having 3 elements.
Imagine now we move to two-dimensional space, in which we must form a two-dimensional basis. We know that if, for example, the basis $V_x$ defines a complete basis in 1D, the tensor product space $V_{xy}=V_x\otimes V_y$ will also form a complete basis in 2D. Formally the two-dimensional space $V_2=\textrm{span}\left\{\phi_i(x)\phi_k(y)\right\}_{i,k=1}^{d}$.
Therefore we only need two complete one-dimensional function spaces to form one complete two-dimensional space. It is natural to form the function spaces:
$$V_{xy} = \textrm{span}\left\{1,x,y,xy,x^2,x^2y,...\right\}$$
or
$$V_{\cos{x}\cos{y}} = \textrm{span}\left\{1,\cos{(x)},\cos{(y)},\cos{(x)}\cos{(y)},\cos{(x)}^2,\cos{(x)}^2\cos{(y)},...\right\}$$
But no one has forbidden us to build spaces of the kind
$$V_{x\cos{y}}= \textrm{span}\left\{1,x,\cos{(y)},x\cos{(y)},x^2,x^2\cos{(y)},...\right\}$$
But the nice properties that $V_{\cos{x}}$ had are not present any more.
As a final remark, you can also form a basis from a linear combination of its elements. If the initial monomial basis is given by:
$$V_{xy}=\textrm{span}\left\{1,x,y,xy\right\}$$
you can also form variants of this basis from basic operations among its elements:
$$V_{xy}'=\textrm{span}\left\{1+x+y,x(1+y),y(1-x),y\right\}$$
As @njuffa pointed out, there are special linear combinations of these basis that lead to orthogonal polynomials. For example if one forces that $(\phi_i,\phi_k)=\delta_{ik}$ (by means for example Gramm-Smith) for the monomial basis one will obtain the Legendre polynomials, which are orthogonal to each other in the considered interval (usually $[-1,1]$ or $[0,1]$) with respect to the unit weighing function. What is more, if one restrict the values of $x=\cos^{-1}{(y)}\in[-1,1]$ in the basis $V_{\cos{x}}$ one obtains the Tschebycheff polynomials:
$$V_{T}=\textrm{span}\left\{1,\cos{(\cos^{-1}{(y)})},\cos{(2\cos^{-1}{(y)})},...\right\}=\textrm{span}\left\{1,y,2y^2-1,...\right\}$$
Which are orthogonal in the interval $[-1,1]$ to each other with respect to the weighing function that appears after a change of variables ($x=\cos^{-1}{(y)}$) in the following integral:
$$\int_{-\pi}^{\pi}\cos{(nx)}\cos{(mx)}\,dx=\pi\delta_{nm}$$