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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.
verb (used without object), shrank or, often shrunk; shrunk or shrunken; shrinking. 1. to draw back, as in retreat or avoidance: to shrink from danger; to shrink from contact. 2. to contract or lessen in size, as from exposure to conditions of temperature or moisture: This cloth will not shrink if washed in lukewarm water. 3. to become reduced in extent or compass.