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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), decreased, decreasing. 1. to diminish or lessen in extent, quantity, strength, power, etc.: During the ten-day march across the desert their supply of water decreased rapidly. verb (used with object), decreased, decreasing.