Usually means: Less benefit with more input.
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We found 18 dictionaries that define the word law of diminishing returns:

General (10 matching dictionaries)
  1. law of diminishing returns: Merriam-Webster
  2. law of diminishing returns: American Heritage Dictionary of the English Language
  3. law of diminishing returns: Vocabulary.com
  4. law of diminishing returns: Wiktionary
  5. law of diminishing returns, diminishing returns, law of: Dictionary.com
  6. Law of diminishing returns, The law of diminishing returns: Wikipedia, the Free Encyclopedia
  7. law of diminishing returns: Rhymezone
  8. law of diminishing returns: FreeDictionary.org
  9. law of diminishing returns: Mnemonic Dictionary
  10. law of diminishing returns, the law of diminishing returns: TheFreeDictionary.com

Business (5 matching dictionaries)
  1. LAW OF DIMINISHING RETURNS: Accounting Glossary
  2. Law of Diminishing Returns: Deardorff's Glossary of International Economics
  3. the law of diminishing returns: Legal dictionary
  4. Accounting, Business Studies and Economics Dictionary (No longer online)
  5. BusinessDictionary.com (No longer online)

Computing (2 matching dictionaries)
  1. Law of Diminishing Returns: Cybernetics and Systems
  2. diminishing returns, law of: Encyclopedia

Medicine (1 matching dictionary)
  1. Diminishing returns, law of, law of diminishing returns: Medical dictionary

Definitions from Wiktionary (law of diminishing returns)

noun:  The tendency for a continuing effort toward a particular goal to decline in effectiveness after a certain amount of success has been achieved.
noun:  (economics) A relationship between input and output, such that adding units of any one input (labour, capital etc.) to fixed amounts of the others will yield successively smaller increments of output.

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