This is the 16829th most frequent Russian word.
сниженной
Reduced.
Here, 'сниженной' means 'reduced', describing the price as decreased.
В этом магазине часто продают товары по сниженной цене.
In this store, items are often sold at a reduced price.
'сниженной' modifies 'responsibility' to indicate that the level has been decreased.
Она работает на должности с сниженной ответственностью.
She works in a position with reduced responsibility.
In this sentence, 'сниженной' refers to the decrease in intensity of services provided.