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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.
reduction. n. 1. the act or process or an instance of reducing. 2. the state or condition of being reduced. 3. the amount by which something is reduced. 4. a form of an original resulting from a reducing process, such as a copy on a smaller scale. 5. a simplified form, such as an orchestral score arranged for piano.