Sentence:  Other <WSD>microformal</WSD> characteristics also mark these traditional, oral tales, such as the absence of the necessary enjambment — the basic element is the line or the the hemistich, as also in the "romancero" -- and what Parry calls the "thrift" of formulaic art ("each position in the verse tends to allow one way rather than many ways of saying any one thing" if we are speaking of a single bard), a quality also found in Hesiod. 
Meaning of the word marked with <WSD> tags:  Pertaining to the characteristics and patterns of lines or phrases, as opposed to the structure of the entire work.