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Diminishing means becoming smaller and smaller. While diminishing pain is a good thing, diminishing returns on your investment is not so welcome. The law of diminishing returns refers to the tendency at a certain point for continued effort in an area to begin producing a smaller and smaller result.
dwindle away, dwindle down. decrease, diminish, lessen, fall-decrease in size, extent, or range; The amount of homework decreased towards the end of the semester; The cabin pressure fell dramatically; her weight fell to under a hundred pounds; his voice fell to a whisper.